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“Not all Cash Flows are Created Equal” is a very enjoyable glossy publication being distributed by the Spectrus Group, a commercial real estate company focused on replacement property for exchangors. In the publication there is a handy dandy overview of cap rates vs Cash on Cash Returns.
“By definition, the CAP Rate is […]
Written by admin on September 30th, 2006 with no comments.
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The Internal Revenue Code provisions that deal with real property capital gains implications can be simplified by dividing REAL ESTATE into BUCKETS. Yes, buckets. All real estate can be segregated out into one of these three buckets: (1) primary residence property; (2) investment property; and, (3) other property.
It is fairly easy […]
Written by admin on September 30th, 2006 with no comments.
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While attending the September, 2006, Florida convention of CPA’s I had the pleasure to meet Julio P. Gonzalez, the CEO of Quantum Engineering Associates (”QEA”). QEA is a firm that offers cost segregation studies for property owners wishing to maximize their depreciation benefits with the use of accelerated depreciation. After digesting Julio’s information […]
Written by admin on September 30th, 2006 with no comments.
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Written by Kerry M. Kerstetter, MBA~CPA~ATP~ATA on September 30th, 2006 with comments disabled.
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Structuring commercial real estate transactions as Tenant-in-Common deals has been a continuing trend since about 2002. Four years later those who have not “gotten into TICs” are starting to consider what it takes to create a TIC and what distinguishes it from a partnership. Afterall, the end game is creating an entity that […]
Written by admin on September 26th, 2006 with no comments.
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Question from Ashk Adamiyatt (Randall Hagner, DC):
Can I identify a property for a 1031 exchange and buy it prior to selling a 1031 investment property. What are the parameters.
Ashk
Answer:
Yes, you can purchase replacement property prior to selling your relinquished property in a REVERSE exchange. A reverse exchange is often called a “Parking” transaction. […]
Written by admin on September 25th, 2006 with no comments.
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Relinquished Property Addendum
Here is a question I receive practically everyday regarding exchanges:
Question:
Mr. Brennan: The buyer’s agent has told me that her clients are supposed to sign a form acknowledging that the property is going to be a 1031 exchange. Where do I find this form?
Answer:
It is your option by law. About 50% […]
Written by admin on September 25th, 2006 with no comments.
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to be produced
Most 1031 exchanges involve existing relinquished and replacement properties. In other words, they are not pre-construction or properties that are proposed to be delivered. Many intermediaries will offer you BAD or WRONG information and tell you that your replacement property in an exchange always has to be 100% complete by the […]
Written by admin on September 24th, 2006 with no comments.
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Is a boatslip considered real property or personal property?
It depends on how the deed reads. If you have a “warranty deed”, or if the title contains the words “condominium” or “common elements” - it is most likely going to qualify as real property.
Written by admin on September 22nd, 2006 with no comments.
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BUILD TO SUIT EXCHANGE SEQUENCE
A typical built to suit real estate exchange involving QI Services has the following steps:
1. The taxpayer wants to build on property that he/she already owns or would like to make improvements on new property.
2. Taxpayer requests QI Services to prepare exchange agreement and coordinate exchange closing.
3. A Single Asset Limited […]
Written by admin on September 21st, 2006 with no comments.
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